L’Oréal has unexpectedly announced the best quarterly growth in more than a decade, after a slowing Q2 19, by showing strong business resilience. Although the sluggish demand in the US make-up market has persisted, we believe that the strong appetite of Chinese consumers for luxury cosmetics and the booming dermo-cosmetics market could offset the weakness in the US. Most importantly, we are upbeat about China’s rising demand for fragrances.
19 Nov 2019
American weakness vs. Chinese strengths
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American weakness vs. Chinese strengths
L'Oreal S.A. (OR:WBO) | 0 0 1.2% | Mkt Cap: 98,959m
- Published:
19 Nov 2019 -
Author:
Jie Zhang -
Pages:
5
L’Oréal has unexpectedly announced the best quarterly growth in more than a decade, after a slowing Q2 19, by showing strong business resilience. Although the sluggish demand in the US make-up market has persisted, we believe that the strong appetite of Chinese consumers for luxury cosmetics and the booming dermo-cosmetics market could offset the weakness in the US. Most importantly, we are upbeat about China’s rising demand for fragrances.